10 Sherman Ave Hillsborough Township, NJ 08869
This exceptional three-unit investment property, located at 10 Sherman Ave in Raritan, New Jersey (Somerset County, zip code 08869), presents a compelling opportunity. The property encompasses a 3,000 square foot free-standing retail building and a two-family dwelling, both currently fully leased, generating consistent income. The asking price is $1,100,000. Recent improvements significantly enhance the property's value and appeal. The retail building boasts a brand new roof. The two-family unit has undergone extensive renovations, including the installation of all new replacement windows, new soffits, and gutters. One apartment features newly installed hardwood floors, new carpeting, and a renovated bathroom. Furthermore, the basement of the two-family unit has been remodeled, including a new full bathroom and the addition of new French drains. Detailed income and expense information is available upon request. This property's strategic location on Route 206 North in Raritan offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a stable and appreciating asset in a desirable New Jersey market. The property's strong rental history and recent upgrades position it for continued success and potential for future appreciation.
-
Guardian Interlock Factory Production Facility
-
ANTONELLA´S WINDOW TINT Interior Design Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.